TC PipeLines, LP to List on the New York Stock Exchange Under New Trading Symbol "TCP"
November 21 2011 - 4:20PM
Marketwired
TC PipeLines, LP (NASDAQ:TCLP) (the Partnership) today announced
that it is transferring the listing of its common units to the New
York Stock Exchange ("NYSE"). The Partnership expects that its
common units will commence trading on the NYSE under the new symbol
"TCP" on December 12, 2011. The Partnership's common units will
continue to be traded on the NASDAQ under the symbol "TCLP" until
the transfer has been completed.
"TC PipeLines, LP has a 12-year track record of growing cash
distributions for its unitholders. These distributions are
underpinned with stable and predictable natural gas pipeline
infrastructure assets," said Steve Becker, President, TC PipeLines
GP, Inc. "We look forward to joining other Master Limited
Partnership peers, and our sponsor, TransCanada Corporation on the
NYSE."
"We are delighted TC PipeLines, LP has decided to list on the
New York Stock Exchange", said Scott Cutler, NYSE Euronext EVP and
Head of Listings, Americas. "We are committed to a long-term
partnership with TC PipeLines, LP and its unitholders, and to
providing the superior liquidity, services and visibility
associated with listing on the NYSE."
TC PipeLines, LP has interests in 5,560 miles of federally
regulated U.S. interstate natural gas pipelines which serve markets
across the United States and Eastern Canada. This includes
significant interests in Great Lakes Gas Transmission Limited
Partnership and Northern Border Pipeline Company as well as 25
percent ownership interest in each of Gas Transmission Northwest
LLC, and Bison Pipeline LLC. TC PipeLines, LP also has 100 percent
ownership of North Baja Pipeline, LLC and Tuscarora Gas
Transmission Company. TC PipeLines, LP is managed by its General
Partner, TC PipeLines GP, Inc., an indirect wholly owned subsidiary
of TransCanada Corporation. TC PipeLines GP, Inc. also holds common
units of TC PipeLines, LP. Common units of TC PipeLines, LP are
quoted on the NASDAQ Global Select Market and trade under the
symbol "TCLP." For more information about TC PipeLines, LP, visit
the Partnership's website at www.tcpipelineslp.com.
Contacts: TC PipeLines, LP Media Inquiries: Terry Cunha/Shawn
Howard 403.920.7859 800.608.7859 TC PipeLines, LP Unitholder and
Analyst Inquiries: Lee Evans
877.290.2772investor_relations@tcpipelineslp.comwww.tcpipelineslp.com
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